Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The rig cost when running the casing is $170,000/day The casing will be run at 1000 ft/hr Casing crew costs $2,000/hr when running the production

image text in transcribed
image text in transcribed
image text in transcribed
The rig cost when running the casing is $170,000/day The casing will be run at 1000 ft/hr Casing crew costs $2,000/hr when running the production casing $1,000/hr when traveling $1,000/hr when on standby (on the rig but not running casing) The casing crew rental equipment charges $450/hr when in use $225/hr when when traveling $225/hr when on standby The equipment travels with the crew The casing crew will leave the dock at 6am on Monday and arrive at the rig at 11am that day. The casing crew departs the rig Tuesday at 1pm and arrives at the dock at 5pm that day. Misc casing equipment includes float equipment ($4,200) and centralizers ($8,800) Float shoe $4,200 Float collar $4,000 Centralizers 44 at $125/each Casing crew cost Running casing ($) Travel Standby ($) ($) Casing crew rental costs Running casing Travel Standby ($) ($) ($) Misc equipment charges Float eqpt Centralizers ($) ($) Total cost to run the production casing Total 5 6 7-5/8" production casing - tangible Length Cost Total Cost (ft) ($/ft) ($) $44.77 7 9 7 -5/8" production casing - run cost 1 2 Rig cost ($) Total Cost ($) The rig cost when running the casing is $170,000/day The casing will be run at 1000 ft/hr Casing crew costs $2,000/hr when running the production casing $1,000/hr when traveling $1,000/hr when on standby (on the rig but not running casing) The casing crew rental equipment charges $450/hr when in use $225/hr when when traveling $225/hr when on standby The equipment travels with the crew The casing crew will leave the dock at 6am on Monday and arrive at the rig at 11am that day. The casing crew departs the rig Tuesday at 1pm and arrives at the dock at 5pm that day. Misc casing equipment includes float equipment ($4,200) and centralizers ($8,800) Float shoe $4,200 Float collar $4,000 Centralizers 44 at $125/each Casing crew cost Running casing ($) Travel Standby ($) ($) Casing crew rental costs Running casing Travel Standby ($) ($) ($) Misc equipment charges Float eqpt Centralizers ($) ($) Total cost to run the production casing Total 5 6 7-5/8" production casing - tangible Length Cost Total Cost (ft) ($/ft) ($) $44.77 7 9 7 -5/8" production casing - run cost 1 2 Rig cost ($) Total Cost ($)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

World Class Internal Audit Tales From My Journey

Authors: Norman Marks

1st Edition

1500791962, 978-1500791964

More Books

Students also viewed these Accounting questions